When Drawn Against Current Income, the Slope of the Cd

question 11

Multiple Choice

When drawn against current income, the slope of the Cd (r) + Id (r) + G curve is equal to the marginal

• A) product of capital.
• B) product of labour.
• C) propensity to consume.
• D) propensity to save.
• E) benefit from investment.

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Definitions:

Drive Succeed

The inner motivation or desire to achieve success in one's endeavors or pursuits.

Defer Gratification

The process of resisting the temptation of an immediate reward in preference for a later reward.

Inhibit Impulse

The psychological mechanism through which an individual restrains or controls their instincts or desires.

Goal-directed Behaviors

Represents actions that are performed with a specific outcome or goal in mind.